CVI cvi energy corporation limited

approx quote, page-50

  1. 19 Posts.
    Very interesting stuff there. I hadn't read these reports - I invested in CVI because of the oil prospects.
    Things i took from it:
    The local climate may have resulted in the complete opposite of supergene enrichment! The high rainfall here may have actually leached the Cu/U in a downwards direction. These elements are particularly mobile.

    Kimberlites are associated with diamond prospects - until argyle was found it was assumed that diamonds are brought to the surface only in Kimberlite pipes. Of course only a small percentage of K. pipes actually have diamonds in them.
    With 5 Kimberlite pipes are within the Logonjo lease - possibly what MS was referring to with the famous "throw away" diamond line is that one of these is a diamond prospect (potentially informed by one of the locals?).

    And i hadn't heard of the tin-tungsten occurrence before now

    Anyway, back to the Catabola:
    Looks very prospective and i would give my eye teeth to know what the sulphide body below the oxidised level looks like.
    The surface is not too heavily decomposed (weathered) rock as the old adits/workings had minimal spalling (spelled spawling in the report LOL) so it is competent rock and the magnetite is not oxidised/hydrolysed to goethite. Plus some magnetite was observed as octahedral crystals (devils dice) which indicates slow cooling of the veins - hence gold would not be disseminated but localised and high grade - hence the flakes i suppose.

    Basically it looks like a pretty good potential gold deposit that would be easy to extract without too much hassle (provided the grades are there). If economical i'd say your best bet would be a small strip mine following the high grade vein and open pit for the deeper sulphides. If grades are good and deep enough, underground sub level open stope could be an option.

    A local genset powering a small ball mill with flotation to separate the copper (and sulphidic gold?) would produce a concentrate that could be toll smelted elsewhere. The tailings from flotation could be leached with a small CIP/CIL circuit or possibly gravity separated if there is enough free gold. elute the carbon and gravity con then refine in a gold room (or give to someone else to make bullion) and you've got a low cost& low outlay gold/copper producer. For larger throughput, introduce a SAG and make everything bigger. It all depends on the grade & tonnes.

    Now i'm getting ahead of myself!

    Definately potential here.

    Long term holder.
 
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